Business · Companies · 8 hrs ago
France accounted for 24.2% of CAC 40 companies’ sales in 2025
France accounted for 24.2% of CAC 40 companies’ sales in 2025, according to an EY study.
The figure varied widely between companies, from 1% to 64% of their sales.
Many CAC 40 groups have long relied on international markets for growth, while profits earned abroad also help support research centres, factories and jobs in France.
Veolia’s sales growth in France was zero from July to September, compared with 6% abroad.
France still accounts for about 20% of Veolia’s activity and is its largest national market, ahead of the United States at 15%.
Veolia’s chief executive fears the US could become its top market within five to ten years if the trend continues.
She also said the company’s growth in France had been flat for two years and might remain so in 2027.
France accounted for 24.2% of the combined sales of CAC 40 companies in 2025, according to an EY study cited by Le Monde.
The French share varied widely, from 1% to 64% of sales among the companies.
Many CAC 40 companies seek growth internationally, while acquisitions have reduced the share of France in some groups’ business portfolios.
Veolia reported no sales growth in France from July to September, compared with 6% growth abroad.
Veolia chief executive Estelle Brachlianoff said the company’s growth in France had been flat for two years and could remain so in 2027.
- Who
- CAC 40 companies, as measured in an EY study.
- What
- France accounted for 24.2% of their combined sales in 2025.
- When
- In 2025.
- Where
- France.
- Why
- Many companies pursue growth internationally, and acquisitions have reduced France’s share of some groups’ business portfolios.
This story does not have two clearly opposing sides.
France represented 24.2% of CAC 40 companies’ combined sales, according to an EY study.
Veolia’s sales growth was zero in France and 6% abroad.
Estelle Brachlianoff said Veolia’s growth in France had been zero for two years and could remain so in 2027.
Le Monde published its report on the French share of CAC 40 companies’ sales.
- France’s share of CAC 40 sales
- 24.2% in 2025
- Range among companies
- 1% to 64% of sales
- Veolia growth in France
- 0% from July to September
- Veolia growth abroad
- 6% from July to September
- Veolia’s leading country
- France, contributing about 20% of activity
What people are saying
For two years, our growth in France has been zero. And I fear that this will continue in 2027. If this continues like this, in five to ten years, the United States will become the group's leading country.